Diversified Web Holdings Announces Strategic Investment Into Provision Holdings
December 09 2009 - 12:44PM
Marketwired
Diversified Web Holdings (DWH), a New York-based venture capital
firm, announced today that the company has made a strategic
investment into Provision Interactive Technologies, Inc.
("Provision"), a subsidiary of Provision Holding, Inc. (OTCBB:
PVHO), the leading purveyor of intelligent interactive 3D
holographic display technologies, software, and integrated
solutions.
DWH will work with Provision to build and expand their business
in an effort to further penetrate the digital out-of-home
advertising industry and increase the company's visibility to match
its competitive edge in the 3D digital space.
In a report titled "Digital Out of Home: Hyperlocal and Hyper
Growth?" BIA/Kelsey forecasts digital OOH advertising revenues to
grow from $2.2 billion in 2009 to $3.7 billion in 2013,
representing a compound annual growth rate of 13.5 percent.
"We are excited to be working with the DWH team as we believe
they are a perfect partner for our disruptive 3D holographic
display technologies. Our management team is certain that DWH's
network and industry expertise will help accelerate the rollout of
the 3DEO platform," said Curt Thornton, President and CEO of
Provision. An interview with Mr. Thornton can be viewed here:
http://www.provision.tv/news_press_release/r/id1=52.
3DEO Reward Centers use Provision's patented 3D holographic
displays to draw consumer attention to featured products and are
able to dispense related coupons and promotions. 3DEO provides
advertisers with a unique and proven way of breaking through the
clutter of in-store ads. Some of Provision's partners include
Google, McDonald's, and Clear Channel.
"We look forward to working with Provision and based on recent
media forecasts, we believe the company is poised for significant
growth over the next several years. We are very confident in
Provisions unique media platform targeting consumers at the point
of purchase and believe that 3DEO will disrupt the traditional 2D
display advertising market," said Crystal Agresti, DWH's Manager of
Investor and Public Relations.
About Provision Interactive Technologies, Inc.
Provision Interactive Technologies, Inc., a subsidiary of the
publicly traded company Provision Holding, Inc. (OTCBB: PVHO), is
the leading purveyor of intelligent interactive 3D holographic
display technologies, software, and integrated solutions for both
commercial and consumer focused applications.
Provision's 3D holographic display systems represent a
revolutionary technology that provides the projection of full
color, high resolution videos into space detached from the screen,
without any special glasses. Provision is currently the market
leader in true 3D consumer advertising display products being
implemented by innovative, consumer-focused Fortune 1000
companies.
For more information, please visit Provision at
www.provision.tv.
About Diversified Web Holdings
Diversified Web Holdings is a venture capital firm that
strategically invests and partners with companies that can benefit
from digital media resources and expertise. Portfolio companies
typically outsource key aspects of their businesses, such as sales
and marketing, public and investor relations, and business
development, to the DWH team.
DWH media experts and investment professionals rapidly identify
opportunities that contribute to the growth of the business. This
may include expanding into new verticals or new markets overseas.
In addition to investing "marketing and advertising dollars" into
portfolio companies, DWH management uses its experience and
networks to source capital, evaluate future financings,
acquisitions, and exit opportunities.
For more information, please visit Diversified Web Holdings at
www.dwhvc.com.
Forward-Looking Statements
Such forward-looking statements are subject to a number of
risks, assumptions and uncertainties that could cause the Company's
actual results to differ materially from those projected in such
forward-looking statements. These risks, assumptions and
uncertainties include: the ability to complete systems within
currently estimated time frames and budgets; the ability to compete
effectively in a rapidly evolving and price competitive
marketplace; changes in the nature of telecommunications regulation
in the United States and other countries; changes in business
strategy; the successful integration of newly acquired businesses;
the impact of technological change; and other risks referenced from
time to time in the Company's filings with the Securities and
Exchange Commission.
Media Relations: The Lexicomm Group Wendi Tush (212) 300-2142
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